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Sunday, July 21, 2024

Volunteer administration platform Rosterfy banks $9.8 million from Bailador


ASX-listed enterprise capital fund Bailador Expertise Investments Restricted (ASX:BTI) has tipped $9.8m funding into folks administration software program platform Rosterfy.

The funding marks a return to backing startups for Bailador, which final 12 months declined to put money into any new startups. Final month the VC tipped a further $10 million into present portfolio firm InstantScript, a digital healthcare platform, to took its holding to 30%.

Rosterfy gives volunteer and workforce administration software program to Not-for-Revenue (NFP) organisations, authorities volunteering our bodies and mass-scale occasions.

The SaaS platform permits organisations to recruit, display screen, prepare, and schedule their volunteers higher have interaction and retain them. The platform is now used to handle greater than 1.5 million volunteers in 20+ nations.

Latest makes use of embrace the FIFA World Cup in Qatar, the 2023 Superbowl in Arizona, and the Commonwealth Video games 2022. The software program can be utilized by NFPs corresponding to Lifeline Australia and the St Vincent de Paul Society, in addition to the British Coronary heart Basis.

Rosterfy was based in 2015 by Bennett Merriman, Shannan Gove, and Chris Grant, who noticed first-hand the problem of managing volunteers whereas working an Occasions Administration enterprise. The enterprise noticed recurring income greater than double in 2022 because the NFP sector embraces digitisation.

Bailador cofounder and managing accomplice David Kirk stated that Rosterfy solves traditionally widespread ache factors in volunteer administration.

“Having labored with a number of NFP organisations myself, I recognise the necessary function that volunteers play in enabling NFPs to ship on their mission, in addition to the problem of having the ability to rent, schedule and retain these volunteers,” he stated.

“The Rosterfy workforce have developed a market-leading volunteer administration resolution that has discovered robust product-market match, which is clear of their robust development charges and the standard of the purchasers they’ve acquired.

“We’re excited to be partnering with the Rosterfy workforce as they speed up their international development plans and proceed to execute on their mission to attach communities to occasions and causes they’re obsessed with.”

Merriman, Rosterfy’s CEO, stated Bailador’s backing will enable them to speed up product innovation, and worldwide growth.

“We’re excited to leverage Bailador’s expertise in efficiently scaling Australian-born SaaS companies globally and welcome each David Kirk and Michael Hayes to the Rosterfy board,” he stated.

“That is the beginning of the following thrilling chapter of our development and well timed acknowledgement that our international workforce and platform are making an actual affect.”



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